2024-12-31-accounts

2024 Accounts

• Profit for the year is £10.8 This is a lot higher than last year’s profit ( £1.5k) , as we had high numbers of funded children in attendance, but they are also attending additional hours which are chargeable.

• Total income amounts to 122k and expenditure £111k . Income is largely generated through fees from parents (£21k) and NCC funding (£99k). 85% of total expenditure relates to staff costs (£87k) and 9% relates to the building rent paid to St Peter’s Church £14k).

• Fees - Were lower due to new funding offer for all children.

• Staf costs of £87,213 Are higher than last the increase is mainly due the living wage increases and staff doing additional hours and the hourly rate for staff increase from April.

• Rent and Refuse was £1.2k is slightly higher. This is due to a rent and refuse increase.

• Insurance costs is lower as we set up a direct debit £796 to £656 .

• Accountancy and payroll costs of £609 are much lower than 2023 £1096 but money is owed.

• Licence costs of £645 are only slightly higher than 2023 mainly due to an increase to annual costs.

• Website & IT costs of £ 841 are a lot higher than 2023 £670 this is due to needing some equipment.

• Investment in play equipment has been less this year, £2647 compared to £3270

• Fundraising actvites fundraising this year and we have generated £505, this is lower than we would like, and we will be organising some more fundraising events next year.

CHARITY COMMISSION FOR ENGLAND AND WALES Receipts and payments accounts CC16a For the period from To Section A Receipts and payments Unrestricted funds to the nearnst Restrlcted funds Endowment funds Total funds Last year to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Recelpts General Fees 21,317 99,400 21,317 99,400 24,521 74,714 Funded Fees Staff Funding Fundraising Income Donations 505 505 1,446 HMRC JRS and MAT Bank Interest 912 912 562 Sub total (Gross income for AR) 122,134 122,134 101,243 A2 Asset and investment sales, (see table). Sub total Total ￿ceIptS 122,134 122,134 101,243 A3 Payments Wages and National Insurance Staff Courses and Training Other Staff Costs 87,213 782 87,213 782 75,977 76 78 78 142 Rent and Refuse Fundraising Expenses Arts, Craft and Learning Resources Insurance Accounting and Payroll Processing Children's Snacks Unfrform Costs Licences, Subscriptions and Fees Website and IT Costs Cleaning Supplies Office Equipment, Ststionery, Poslage Play Equipment Adverts'sing Professional Fees Miscellaneous 14,016 14,016 12,775 1,159 656 1,159 656 2,039 796 609 609 1,096 1,170 275 1,770 213 1,770 213 645 645 470 841 670 443 443 949 95 95 190 2,647 2,647 3,270 112 112 328 Sub total 111,278 111.278 100,221 A4 Asset and investment purchases, (see tsble) Sub total Total payments 111,278 111,278 100,221

Net of receipts/(payn?ents) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 10,856 10,856 1,022 88,209 99,064 88,209 99.064 87,187 88,209 Section B Statement of assets and liabilities at the end of the period Unrostrlctod funds to nearest £ Restrlcted funds to Ii•arest £ Endowment funds t.o n•nr6st £ Catogoriei Dotails B1 Cash funds Ciirrent Accoiinl 37,432 61,532 100 Sovings Account Cél.%l) li) H,11)d Total casl? funds 99,064 (nqroi) l)rf)I,Inr()s wlth rilC.(Jlplq .4nd pnwiinnt8 nLC()(IiIt(4)) Unrtstrlcted funds to nonro8t £ Rcstrlctcd funds to n611ro6t £ Endowmont funds lo n@Arn8t £ Dc!t')ils B2 Other monetary assets Fund to wlilch 1188Ot bolon C(Irrniil valu• Dotilils C03t (optloiial) B3 Investment assets Fund lo wlilch ndAlIt l)oloiio• nLht4illy Co•t (optlonal) Ciirrnnl vali1• o )tl(IiiAI B4 Assots rotalnod for tho charity's own uso Iiouiil di1• Oot,Illf> Wli•ii di1• B5 Llablllt108 Slonft(I hy nn8 or two IriJftl()(18 on t)Il)iJll of nll tlio Irutst()08 Qlonnliiro l)! Iiil Nuiliu Dutu ol 11 )roviil -r p lts•d4) CCL p kL14AJ &0 cAts￿Lr￿ AiryiZ5 ICI,3,2

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Hermitage Pre School On accounts for the year ended 3111212024 Charity no (if any) 1034672 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3111212024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent l am qualified to undertake the examination by being a qualified member of examiner's ststement the ACCA.. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Date: Iq-3- 2025 Name: Adam Girling Relevant professional qualification(s) or body (if any): ACCA IER Oct 2018

Address: Girlings & Co Chartered Certified Accountants 11 High Street, Ruddington, Nottinghamshire, NG116DT Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charty accounts: directions and guidance for examiners). Glve here brief detalls of any Items that the examiner wi8h88 to dlsclose. IER Oct 2018